- Prachi Singh |
Lululemon Athletica Inc., updating its net revenue and earnings guidance for the fourth quarter of fiscal 2019 ending February 2, 2020 said that it now anticipates net revenue will be in the range of 1.370 billion dollars to 1.380 billion dollars based on a total comparable sales increase in the mid to high teens on a constant dollar basis. Lululemon now expects diluted earnings per share will be in the range of 2.22 dollars to 2.25 dollars for the quarter.
Commenting on the revised outlook, Calvin McDonald, the company’s Chief Executive Officer, said in a statement: “We’re excited by the momentum in our business over the holiday period with guests responding well to our innovative merchandise offerings.”
The above estimates compares to the company’s previous guidance of net revenue of 1.315 billion dollars to 1.330 billion dollars based on a total comparable sales increase in the low double digits on a constant dollar basis and previous diluted earnings per share guidance of 2.10 dollars to 2.13 dollars.